Markets Markets remained hesitant throughout European dealings yesterday even as stock markets staged a(n initially) modest comeback. Core bonds continued to excel with April EMU CPI figures strengthening the case for a final 25 bps ECB rate cut (to 2.25%) on April 17 before installing a long pause. Headline and core inflation rose by 0.6% […]
The post Today’s (Thin) Eco Calendar Obviously Loses Relevance in Anticipation of Tariff Announcement appeared first on Action Forex.
Daily Pivots: (S1) 1.4264; (P) 1.4339; (R1) 1.4380; More… Intraday bias in USD/CAD is back on the downside with breach of 1.4234 support. Deeper fall would be seen to 1.4150 low. Overall, corrective pattern from Read more…
Daily Pivots: (S1) 0.6258; (P) 0.6299; (R1) 0.6341; More… AUD/USD spiked higher to 0.6339 but quickly reversed. Intraday bias stays neutral for the moment. On the downside, break of 0.6218 will target 0.6186 support first. Read more…
Daily Pivots: (S1) 1.0785; (P) 1.0855; (R1) 1.0929; More… EUR/USD’s break of 1.0857 resistance suggests that correction from 1.0953 has already completed at 1.0731. Intraday bias is back on the upside. Decisive break of 1.0953 Read more…